Grayscale's Zcash ETF sheds $93.56 million in a single week
- —Redemptions hit $30.25 million on September 30 and another $26.93 million on October 2
- —Cumulative net inflows fell from about $268 million to $212.56 million
- —Assets under management dropped from $915–979 million to roughly $751 million
- —At its peak ZCSH held about 3.5% of ZEC supply and up to 32.5% of spot crypto ETF turnover
Why it matters: Outflows from ZCSH directly pressure ZEC's price, and the pace of redemptions will test demand for single-token spot ETFs.
Source: Crypto Briefing